FIETSEN SMETS
ActiveFIETSEN SMETS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.27M and a net result of €50k. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 95% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
94
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability20▲+13
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 21.1 against 16.75 in 2024), and 6.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.5%
Return on assets
3.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
14 d late
2023
43 d early
2022
46 d early
2021
61 d early
2020
57 d early
2019
59 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.27M▲ 2.1%
2024 · €1.24M
2018: €703k
2019: €604k
2020: €864k
2021: €1.08M
2022: €1.24M
2023: €1.22M
2024: €1.24M
2018 → 2025
Total assets
€1.35M▲ 2.8%
2024 · €1.32M
2018: €952k
2019: €996k
2020: €1.16M
2021: €1.60M
2022: €1.71M
2023: €1.43M
2024: €1.32M
2018 → 2025
Net result
€50k▲ 178%
2024 · €18k
2018: €99k
2019: €138k
2020: €260k
2021: €217k
2022: €162k
2023: €-22k
2024: €18k
2018 → 2025
Working capital
€1.24M▲ 5.9%
2024 · €1.17M
2018: €673k
2019: €584k
2020: €852k
2021: €1.05M
2022: €1.21M
2023: €1.18M
2024: €1.17M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.08M-€1.24M▲ 15.0%€1.22M▼ 1.8%€1.24M▲ 1.5%€1.27M▲ 2.1%
Operating result€320k-€220k▼ 31.3%€-12k€32k€63k▲ 96.1%
Net result€217k-€162k▼ 25.3%€-22k€18k€50k▲ 178%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 96% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.35M
Fixed assets
€55k▼ 26.2%
Current assets
€1.30M▲ 4.5%
Equity and liabilities €1.35M
Equity
€1.27M▲ 2.1%
Debt
€89k▲ 13.9%
The debt ratio rises from 5.9% to 6.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€86k▲
2024 · €49k
Cash flow
€74k▲
2024 · €36k
Solvency
93.5%▼
2024 · 94.1%
Current ratio
21.10▲
2024 · 16.75
Quick ratio
5.62▲
2024 · 4.26
Debt / equity
0.07▲
2024 · 0.06
ROE
4.0%▲
2024 · 1.5%
ROA
3.7%▲
2024 · 1.4%
Interest coverage
16.07▲
2024 · 3.45
Debt
€89k▲
2024 · €78k
Debt ≤ 1 year
€62k▼
2024 · €74k
Debt > 1 year
€27k▲
2024 · €4k
Income taxes
€20k▲
2024 · €372
Staff costs
€267k▲
2024 · €256k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.32M€1.35M▲
Fixed assets21/28€75k€55k▼
Tangible fixed assets22/27€72k€53k▼
Land and buildings22€2k€1k▼
Plant, machinery and equipment23€9k€11k▲
Furniture and vehicles24€58k€38k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€3k€3k=
Current assets29/58€1.24M€1.30M▲
Stocks and contracts in progress3€927k€953k▲
Stocks30/36€927k€953k▲
Amounts receivable within one year40/41€54k€22k▼
Trade receivables40€25k€13k▼
Other amounts receivable41€28k€9k▼
Cash at bank and in hand54/58€262k€324k▲
Equity and liabilities
Total equity and liabilities10/49€1.32M€1.35M▲
Equity10/15€1.24M€1.27M▲
Contributions10/11€50k€50k=
Outside capital11€50k-
Other1109/19€50k-
Reserves13€1.18M€1.18M=
Non-distributable reserves130/1€20k€20k=
Reserves not available under the articles1311€20k€20k=
Tax-exempt reserves132€59k€59k=
Distributable reserves133€1.11M€1.11M=
Profit (loss) carried forward14€6k€31k▲
Amounts payable17/49€78k€89k▲
Amounts payable after more than one year17€4k€27k▲
Financial debts170/4€4k€27k▲
Amounts payable within one year42/48€74k€62k▼
Current portion of amounts payable after more than one year42€13k€11k▼
Trade debts44€36k€19k▼
Suppliers440/4€36k€19k▼
Taxes, remuneration and social security45€25k€32k▲
Taxes450/3€14k€17k▲
Remuneration and social security454/9€11k€15k▲
Income statement
Code20242025
Remuneration, social security and pensions62€256k€267k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€24k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€308k€355k▲
Operating profit (loss)9901€32k€63k▲
Financial income75/76B€934€13k▲
Recurring financial income75€934€13k▲
Financial charges65/66B€14k€5k▼
Recurring financial charges65€14k€5k▼
Profit (loss) for the period before taxes9903€19k€70k▲
Income taxes67/77€372€20k▲
Profit (loss) for the period9904€18k€50k▲
Profit (loss) for the period to be appropriated9905€18k€50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€56k▲
Profit (loss) brought forward from the previous period14P€-13k€6k▲
Profit to be distributed694/7-€25k
Return on contributions (dividend)694-€25k
Social balance
Average headcount (FTE)90875.46.2▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 14 days late
2024
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 16.75
Current ratio from 6.91 to 16.75; short-term debt falls from €199k to €74k.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-22k ▼113%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.08M ▲25.1%
4 profitable years in a row build equity to €1.08M.
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €260k ▲88.9%
Operating result €386k, net result €260k, both a record.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Dessel · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Boeretangsedreef 12480 DesselGround area
778 m²
Building footprint
369 m²
Volume, LiDAR
1,353 m³
Parcel 13006A0414/00E002, Flanders · tallest building 7.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
FIETSEN LUC SMETS
since 19952.070.555.169
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13006A0414/00E002 | Flanders | 778 m² | 1 · 369 m² | 7.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,000 EUR awarded · 1,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
Schemes
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
4 live approvalsFietshersteller (vwo)
Fietshersteller duaal (so)
Fietsinstallaties duaal (so)
Fietstechnicus (vwo)
Similar companies · same sector, comparable size
COOL ELECTRO CYCLES
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FIETSEN SAMAN
BE 0471.635.180
Wuustwezel · Eq €1.26M
X-TREME BIKE
BE 0475.324.645
Oudsbergen · Eq €1.30M
HET VERZET
BE 0463.395.130
Deinze · Eq €1.23M
Fietsen Lenaerts
BE 0666.854.115
Balen · Eq €1.22M
Of 1,454 companies in sector 47632 we hold annual accounts for 721. 436 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-02-1995
Fiscal year end31-12
Activities, NACEBEL
45402
47632Retail sale of bicycles
47785Retail trade
47830Retail sale of motorcycles and motorcycle parts and accessories
50400Inland freight water transport
47639Retail sale of other sporting goods
47640Retail trade
52482
52492
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.